[JURIST] The IRS Friday notified the NAACP, the nation's oldest and largest civil rights group, that an investigation will be launched into comments made by NAACP Chairman Julian Bond at the July national convention in Philadelphia. Bond criticized policies of the Bush administration and the IRS is investigating whether these statements rise to the level of supporting or opposing a political entity. The NAACP is incorporated under 501(c)(3) protections as a non-profit organization and can lose the tax-exempt status that comes along with the classification for "intervening on behalf of, or in opposition to, any candidate for public office." The NAACP said that it was acting well within its rights to criticize a political party without becoming involved in the political process. The Washington Post has more.